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Boomerang: Travels in the New Third World
“Lewis shows again why he is the leading journalist of his generation.”—Kyle Smith, Forbes
The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.
Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish.
Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.
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Reviews
Loses the point in historical rhetoric
By Not too friendly
Folks, if you want to understand what went down in Europe and how the obvious wasn't obvious enough to prevent a meltdown, well this is a book you must read! Easy read and not technical at all! Very inspirational from a strategy standpoint.
By Italospeed
Liked it, but not mind blowing.
By Bike=good
Great illustrations of various financial collapses, wrapped in culture biased antidotes. However, the book really does not build a case or make a point. It is like reading the first half of c s Lewis....a great backdrop is painted but the main characters never finish their journey. That said, read the book. It is worth 3 hours of your time to add perspective to the financial condition of our time.
By boatcaptain
a colloquial, easy read that finally explains the financial collapse in Europe and America. Interesting characters and stories bring visual clarity into an otherwise confusing part of history. This is a surprisingly fun read.
By DrMarkM3